Does Stock Market Wealth Matter for Consumption?

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Publisher :
ISBN 13 :
Total Pages : 56 pages
Book Rating : 4.E/5 ( download)

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Book Synopsis Does Stock Market Wealth Matter for Consumption? by : Karen E. Dynan

Download or read book Does Stock Market Wealth Matter for Consumption? written by Karen E. Dynan and published by . This book was released on 2001 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:

NBER Macroeconomics Annual 1999

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Publisher : MIT Press
ISBN 13 : 9780262522717
Total Pages : 398 pages
Book Rating : 4.5/5 (227 download)

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Book Synopsis NBER Macroeconomics Annual 1999 by : Ben S. Bernanke

Download or read book NBER Macroeconomics Annual 1999 written by Ben S. Bernanke and published by MIT Press. This book was released on 2000 with total page 398 pages. Available in PDF, EPUB and Kindle. Book excerpt: The goals of the annual NBER Macroeconomics Conference are to present, extend, and apply frontier work in macroeconomics and to stimulate work by macroeconomists in policy issues. Each paper in the Annual is followed by comments and discussion. The goals of the annual NBER Macroeconomics Conference are to present, extend, and apply frontier work in macroeconomics and to stimulate work by macroeconomists in policy issues. Each paper in the Annual is followed by comments and discussion.

The Rise of Fiduciary Capitalism

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Publisher : University of Pennsylvania Press
ISBN 13 : 9780812235630
Total Pages : 268 pages
Book Rating : 4.2/5 (356 download)

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Book Synopsis The Rise of Fiduciary Capitalism by : James P. Hawley

Download or read book The Rise of Fiduciary Capitalism written by James P. Hawley and published by University of Pennsylvania Press. This book was released on 2000-10-06 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: Traces the rise of public and private pension funds, which now control as much as 50 percent of the equity in American corporations, and argues that shareholders in those funds could use their power to make corporations more responsive to social needs.

The Impact of Changes in Stock Prices and House Prices on Consumption in OECD Countries

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Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 42 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis The Impact of Changes in Stock Prices and House Prices on Consumption in OECD Countries by : Alexander Ludwig

Download or read book The Impact of Changes in Stock Prices and House Prices on Consumption in OECD Countries written by Alexander Ludwig and published by International Monetary Fund. This book was released on 2002 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper quantifies the different impact of stock and house prices on consumption using data for 16 OECD countries. The analysis finds that the long-run impact of an increase in stock prices and house prices is in general higher in countries with a market-based financial system. The sensitivity of consumption to changes in stock wealth is about twice as large as the sensitivity to changes in housing wealth. Splitting the sample into the 1980s and 1990s shows that both countries with a market-based financial system and countries with a bank-based financial system moved toward a higher degree of responsiveness of consumption to changes in stock prices and house prices.

Why the Bubble Burst

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Publisher : Edward Elgar Publishing
ISBN 13 : 9781781957264
Total Pages : 262 pages
Book Rating : 4.9/5 (572 download)

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Book Synopsis Why the Bubble Burst by : Lawrance Lee Evans

Download or read book Why the Bubble Burst written by Lawrance Lee Evans and published by Edward Elgar Publishing. This book was released on 2003-01-01 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: Providing a comprehensive look at the most dramatic run-up in equity values in US history, this volume takes the reader from theory to empirics, illustrating why we need to go beyond the efficient markets hypothesis and the theory of domestic irrational exuberance to fully unpack the unprecedented phenomenon, why the market was destined for a major decline and why the fallout will be severe and protracted.

The Limits of Choice

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Publisher : Campus Verlag
ISBN 13 : 3593399164
Total Pages : 329 pages
Book Rating : 4.5/5 (933 download)

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Book Synopsis The Limits of Choice by : Sahra Wagenknecht

Download or read book The Limits of Choice written by Sahra Wagenknecht and published by Campus Verlag. This book was released on 2013-10-02 with total page 329 pages. Available in PDF, EPUB and Kindle. Book excerpt: In The Limits of Choice, Sahra Wagenknecht examines household saving decisions and basic needs in Germany and the United States, based on official data from both countries from the 1950s to present day. Arguing against the hypothesis that assumes consumers optimize their consumption intertemporally based exclusively on their permanent or lifetime income, Wagenknecht proposes a rule of thumb, according to which consumers will save if their current income exceeds basic expenditure, while they will demand credit when income can no longer meet basic needs.

Exchange Rate, Second Round Effects and Inflation Processes

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Publisher : Springer
ISBN 13 : 3030139328
Total Pages : 421 pages
Book Rating : 4.0/5 (31 download)

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Book Synopsis Exchange Rate, Second Round Effects and Inflation Processes by : Eliphas Ndou

Download or read book Exchange Rate, Second Round Effects and Inflation Processes written by Eliphas Ndou and published by Springer. This book was released on 2019-04-23 with total page 421 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on the exchange rate pass-through (ERPT), second round effects and the inflation process in South Africa. The authors demonstrate that magnitudes of the second round effects of the exchange rate depreciation and oil price shocks depend on inflation regimes. The impact of positive oil price shocks on inflation is weakened by monetary policy credibility. Evidence shows the influence of oil price on unit labour costs and correlation between exchange rate changes and inflation has weakened. In addition, ERPT is reduced by low business and consumer confidence, high trade openness, low inflation and high exchange rate volatility which weaken real economic activity. Both monetary and fiscal policy credibility lowers the sizes of ERPT to inflation and inflation expectations. Fiscal policy via fuel levies, administered prices and public transport inflation channel impacts the responses of monetary policy to inflation shocks. The authors show that second round effects contribute very little to wage inflation following an exchange rate depreciation shock. Both lending rate and household consumption responds asymmetrical to repo rate changes. This book will appeal to policymakers, students, academics and analysts.

Research Handbook on Shareholder Power

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Publisher : Edward Elgar Publishing
ISBN 13 : 1782546855
Total Pages : 638 pages
Book Rating : 4.7/5 (825 download)

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Book Synopsis Research Handbook on Shareholder Power by : Jennifer G. Hill

Download or read book Research Handbook on Shareholder Power written by Jennifer G. Hill and published by Edward Elgar Publishing. This book was released on 2015-07-31 with total page 638 pages. Available in PDF, EPUB and Kindle. Book excerpt: Much of the history of corporate law has concerned itself not with shareholder power, but rather with its absence. Recent shifts in capital market structure require a reassessment of the role and power of shareholders. These original, specially commiss

Dividends and Dividend Policy

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Publisher : John Wiley & Sons
ISBN 13 : 0470455802
Total Pages : 552 pages
Book Rating : 4.4/5 (74 download)

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Book Synopsis Dividends and Dividend Policy by : H. Kent Baker

Download or read book Dividends and Dividend Policy written by H. Kent Baker and published by John Wiley & Sons. This book was released on 2009-05-04 with total page 552 pages. Available in PDF, EPUB and Kindle. Book excerpt: Dividends And Dividend Policy As part of the Robert W. Kolb Series in Finance, Dividends and Dividend Policy aims to be the essential guide to dividends and their impact on shareholder value. Issues concerning dividends and dividend policy have always posed challenges to both academics and professionals. While all the pieces to the dividend puzzle may not be in place yet, the information found here can help you gain a firm understanding of this dynamic discipline. Comprising twenty-eight chapters—contributed by both top academics and financial experts in the field—this well-rounded resource discusses everything from corporate dividend decisions to the role behavioral finance plays in dividend policy. Along the way, you'll gain valuable insights into the history, trends, and determinants of dividends and dividend policy, and discover the different approaches firms are taking when it comes to dividends. Whether you're a seasoned financial professional or just beginning your journey in the world of finance, having a firm understanding of the issues surrounding dividends and dividend policy is now more important than ever. With this book as your guide, you'll be prepared to make the most informed dividend-related decisions possible—even in the most challenging economic conditions. The Robert W. Kolb Series in Finance is an unparalleled source of information dedicated to the most important issues in modern finance. Each book focuses on a specific topic in the field of finance and contains contributed chapters from both respected academics and experienced financial professionals.

Long-run Growth and Short-run Stabilization

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Publisher : Edward Elgar Publishing
ISBN 13 : 9781781950500
Total Pages : 434 pages
Book Rating : 4.9/5 (55 download)

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Book Synopsis Long-run Growth and Short-run Stabilization by : The late Lawrence R. Klein

Download or read book Long-run Growth and Short-run Stabilization written by The late Lawrence R. Klein and published by Edward Elgar Publishing. This book was released on 2006-02-24 with total page 434 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is much confusion in the economics literature on wage determination and the employment-inflation trade-off. Few model builders pay as much careful attention to the definition and meaning of long-run concepts as did Albert Ando. Expanding on years of painstaking work by Ando, the contributors elaborate on the main issues of economic analysis and policies that concerned him.

Analyzing the Effects of Financial and Housing Wealth on Consumption using Micro Data

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Publisher : International Monetary Fund
ISBN 13 : 1498316476
Total Pages : 32 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Analyzing the Effects of Financial and Housing Wealth on Consumption using Micro Data by : Carlos Caceres

Download or read book Analyzing the Effects of Financial and Housing Wealth on Consumption using Micro Data written by Carlos Caceres and published by International Monetary Fund. This book was released on 2019-05-24 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the existence of “wealth effects” derived from net equity (in the form of housing, financial assets, and total net worth) on consumption. The study uses longitudinal household-level data?from the Panel Study of Income Dynamics (PSID) ?covering about 7,000-9,000 households in the U.S., with the estimations carried over the period 1999-2017. Overall, wealth effects are found to be relatively large and significant for housing wealth, but less so for other types of wealth, including stocks. Furthermore, the analysis shows how these estimated marginal propensities to consume (MPC) from wealth are closely linked to household characteristics, including income and demographic factors. Finally, underlying structural changes in household characteristics point to potentially lower aggregate MPCs from wealth going forward.

Issues in Finance

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Publisher : John Wiley & Sons
ISBN 13 : 1444391615
Total Pages : 220 pages
Book Rating : 4.4/5 (443 download)

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Book Synopsis Issues in Finance by : Stuart Sayer

Download or read book Issues in Finance written by Stuart Sayer and published by John Wiley & Sons. This book was released on 2011-09-07 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: Issues in Finance: Credit, Crises and Policies presents a collection of surveys on key issues surrounding the relationship between credit, finance, and the macro-economy that are linked to the recent global financial crisis. Presents a timely collection of surveys that shed light on the recent financial crisis Offers insights for economists in government, business, and finance Shows how the mainstream economics literature was not blind to the potential problems of the financial framework and its interplay with the macro-economy

Are We Rich Yet?

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Publisher : Univ of California Press
ISBN 13 : 0520385470
Total Pages : 383 pages
Book Rating : 4.5/5 (23 download)

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Book Synopsis Are We Rich Yet? by : Amy Edwards

Download or read book Are We Rich Yet? written by Amy Edwards and published by Univ of California Press. This book was released on 2022-06-14 with total page 383 pages. Available in PDF, EPUB and Kindle. Book excerpt: An in-depth history of how finance remade everyday life in Thatcher's Britain. Are We Rich Yet? tells the story of the financialization of British society. During the 1980s and 1990s, financial markets became part of daily life for many Britons as the practice of investing moved away from the offices of the City of London, onto Britain’s high streets, and into people’s homes. The Conservative Party claimed this shift as evidence that capital ownership was in the process of being democratized. In practice, investing became more institutionalized than ever in late-twentieth-century Britain: inclusion frequently meant tying one’s fortunes to the credit, insurance, pension, and mortgage industries to maintain independence from state-run support systems. In tracing the rise of a consumer-oriented mass investment culture, historian Amy Edwards explains how the "financial" became such a central part of British society, not only economically and politically, but socially and culturally, too. She shifts our focus away from the corridors of Whitehall and towards a cast of characters that included brokers, bankers and traders, newspaper editors, goods manufacturers, marketing departments, production companies, and hundreds of thousands of ordinary men and women. Between them, they shaped the terrain upon which political and economic reform occurred. Grappling with the interactions between structural transformation and the rhythms of everyday life, Are We Rich Yet? thus understands the rise of neoliberalism as something other than the inevitable outcome of a carefully orchestrated right-wing political revolution.

Ibss: Economics: 1995

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Publisher : Psychology Press
ISBN 13 : 9780415152150
Total Pages : 680 pages
Book Rating : 4.1/5 (521 download)

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Book Synopsis Ibss: Economics: 1995 by : Compiled by the British Library of Political and Economic Science at the London School of Economics

Download or read book Ibss: Economics: 1995 written by Compiled by the British Library of Political and Economic Science at the London School of Economics and published by Psychology Press. This book was released on 1996 with total page 680 pages. Available in PDF, EPUB and Kindle. Book excerpt: The IBSS is the essential tool for librarians, university departments, research institutions and any public or private institutions whose work requires access to up-to-date and comprehensive knowledge of the social sciences.

The Costs and Benefits of Price Stability

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Publisher : University of Chicago Press
ISBN 13 : 0226241769
Total Pages : 374 pages
Book Rating : 4.2/5 (262 download)

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Book Synopsis The Costs and Benefits of Price Stability by : Martin Feldstein

Download or read book The Costs and Benefits of Price Stability written by Martin Feldstein and published by University of Chicago Press. This book was released on 2007-12-01 with total page 374 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years, the Federal Reserve and central banks worldwide have enjoyed remarkable success in their battle against inflation. The challenge now confronting the Fed and its counterparts is how to proceed in this newly benign economic environment: Should monetary policy seek to maintain a rate of low-level inflation or eliminate inflation altogether in an effort to attain full price stability? In a seminal article published in 1997, Martin Feldstein developed a framework for calculating the gains in economic welfare that might result from a move from a low level of inflation to full price stability. The present volume extends that analysis, focusing on the likely costs and benefits of achieving price stability not only in the United States, but in Germany, Spain, and the United Kingdom as well. The results show that even small changes in already low inflation rates can have a substantial impact on the economic performance of different countries, and that variations in national tax rules can affect the level of gain from disinflation.

Bubbles and Crashes

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Publisher : Stanford University Press
ISBN 13 : 1503607933
Total Pages : 284 pages
Book Rating : 4.5/5 (36 download)

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Book Synopsis Bubbles and Crashes by : Brent Goldfarb

Download or read book Bubbles and Crashes written by Brent Goldfarb and published by Stanford University Press. This book was released on 2019-02-19 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: “An interesting take on some factors that facilitate the development and bursting of bubbles in technology industries. . . . Highly recommended.” —Choice Financial market bubbles are recurring, often painful, reminders of the costs and benefits of capitalism. While many books have studied financial manias and crises, most fail to compare times of turmoil with times of stability. In Bubbles and Crashes, Brent Goldfarb and David A. Kirsch give us new insights into the causes of speculative booms and busts. They identify a class of assets—major technological innovations—that can, but does not necessarily, produce bubbles. This methodological twist is essential: Only by comparing similar events that sometimes lead to booms and busts can we ascertain the root causes of bubbles. Using a sample of eighty-eight technologies spanning 150 years, Goldfarb and Kirsch find that four factors play a key role in these episodes: the degree of uncertainty surrounding a particular innovation; the attentive presence of novice investors; the opportunity to directly invest in companies that specialize in the technology; and whether or not a technology is a good protagonist in a narrative. Goldfarb and Kirsch consider the implications of their analysis for technology bubbles that may be in the works today, offer tools for investors to identify whether a bubble is happening, and propose policy measures that may mitigate the risks associated with future speculative episodes.

World Economic Outlook, May 2000

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Author :
Publisher : International Monetary Fund
ISBN 13 : 9781557759368
Total Pages : 308 pages
Book Rating : 4.7/5 (593 download)

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Book Synopsis World Economic Outlook, May 2000 by : International Monetary Fund. Research Dept.

Download or read book World Economic Outlook, May 2000 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2000-04-12 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: The World Economic Outlook, published twica a year in English, French, Spanish, and Arabic, presents IMF staff economists analyses of global economic developments during the near and medium term. Chapters give an overview of the world economy; consider issues affecting industrial countries, developing countries, and economies in transition to market; and address topics of pressing current interest. Annexes, boxes, charts, and an extensive statistical appendix augment the text.